|Bid||27.63 x 1400|
|Ask||27.76 x 900|
|Day's Range||27.65 - 28.09|
|52 Week Range||21.51 - 30.79|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.13|
|Expense Ratio (net)||0.66%|
China's economic data disappoints again. The industrial output growth has slumped to the lowest level in 17.5 years along with weak retail sales. We highlight the impact on some ETFs.
China country-specific ETFs could be among the most at risk if crude oil disruptions and high energy prices become the norm. On Monday, the SPDR S&P China ETF (GXC) fell 1.2%, iShares China Large-Cap ETF (FXI) dropped 1.2% and Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) decreased 1.5%. China is the largest importer of oil and is expected to struggle as it tries to find an alternative source in the short-term if Saudi Arabia fails to quickly recover from the weekend attacks that wiped out half of the Kingdom's production capacity, CNN reports.
In short, China is looking to play only one way—the long game. “We think China is neither aiming to quickly reach a trade deal, nor trying to hit back at the U.S. as hard as it can,” said Yi Xiong, China economist at Deutsche Bank.
The world’s second largest economy is showing signs of slowing and growing debt won’t do it any favors, which could also hurt international equities versus U.S. equities. “China is very much past the tipping point where the debt simply no longer can be ignored. The Chinese government didn’t help alleviate this debt problem either after it pumped stimulus packages into the economy to shore it up.
As fears over the global economy and tar war continue to contribute to market volatility, investors have yanked billions from ETFs that track China’s stock market. Over the past month, investors pulled ...
Strategists see light at the end of the tunnel for the Hong Kong protests, which has been a months-long saga and have been keeping the capital markets on edge with the latest volatility. “I don’t accept this will be a small scale problem in a larger China economy. The reason I don’t is because I believe any intervention (from Beijing) to Hong Kong will be immediately, umbilically, linked to what happens to trade talks and international relations globally,” said strategist David Roche, who is president at research and investment consulting firm Independent Strategy.
As U.S.-China trade negotiations broke down, the taste for China exchange-traded funds (ETFs) may have soured along the way, but that may soon change as the United States Trade Representative (USTR) office said on Tuesday that new tariffs on certain consumer items would be delayed until Dec. 15. In addition, other products were being removed from the new China tariff list altogether. “On May 17, 2019, USTR published a list of products imported from China that would be potentially subject to an additional 10 percent tariff.
While history does not always repeat, prudent investors should still be students of it. Please click here for a chart showing the yield curve. Please click here for an annotated chart of S&P 500 ETF (SPY) Even though many investors focus on the Dow Jones Industrial Average (DJIA) it is better to use the S&P 500 or Nasdaq 100 ETF (QQQ) For the sake of transparency, this is the same chart that was previously published without any changes.
The game of high stakes poker in the form of trade negotiations between the U.S. and China could reach unforeseen heights. In fact, China could be more willing to face the pangs of an economic downturn rather than give in to U.S. President Donald Trump and his trade demands, according to some analysts. It’s part of a strategy where China is willing to accept the attrition of hurting domestic businesses to hold out for a more favorable trade deal.
U.S. President Donald Trump's tweeting may have just paved the way for investors to purchase China-focused exchange-traded funds (ETFs) at a relative discount. China dropped the price of their currency to an almost a historic low. It’s called “currency manipulation.” Are you listening Federal Reserve?
Hawkish Fed outlook and renewed trade tensions shook the market to start August. These inverse ETF areas could be on a tear in the near term.
A new Shanghai exchange could be home to many of China’s 94 private companies worth over a billion dollars each.
We take a look at some Chinese ETFs in the wake of increasing number of U.S. manufacturers relocating their production units to other Southeast Asian countries.
Based on Morningstar data, the majority of smart beta exchange-traded funds (ETFs) have 10 times more exposure to developed markets versus emerging markets. Per an article in Barron's, "the MSCI Emerging Markets Index generated an annualized return of 16.7% from 1988 through 2017, while the broader index returned an average of 11.4%. Investors looking to utilize smart beta strategies or even get the best broad-based exposure in EM can use China as a viable starting point.
The Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) , one of the premier US-listed exchange traded funds tracking China A-shares, is up 5.53% over the past month, indicating the fund is benefiting from cooling trade tensions between the U.S. and China. “ASHR was one of the prime beneficiaries of the U.S.-China 'tariff truce' rally that gave stocks a shot in the arm on July 1,” according to Schaeffer's Investment Research. ASHR seeks investment results that correspond generally to the performance, before fees and expenses, of the CSI 300 Index.
China released its second-quarter figures on Monday, which revealed that its economy slowed to 6.2 percent, which represents its weakest rate in at least 27 years. The primary culprit for the slowdown ...